CAVEAT: Caro putridas es!

Translation: BEWARE: You are dead meat!


Some numbers for you consideration. I recommend you carefully consider these real numbers and act accordingly.

No government numbers are consistent, as it is in not in the ruler's interest to properly report all this, per year or currently.
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As you read this, assume the new government will increase spending and tax the "rich" more, as they exempt more and more taxpayers. And, there will be more tax credits and retirements. Thus, what you project from the data given will be much lower than the actual numbers (from a taxpayer's perspective.)
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Item: Some 132 million people filed income tax returns in 2004. (IRS sources)

Of the 42.5 million tax returns (32.4%) that pay no income taxes, 52.9 percent received some form of a refundable credit – either the EITC or the child tax credit. In 2004, Uncle Sam paid out about $33 billion in “refundable” checks to the families and single individuals who qualified for the Earned Income Credit and another $9 billion to families who were eligible for the child credit.

Item: 2007 Federal Employees: 2,730,050 (full time 2,462,127)

This will be raised by 244,000 as part of the Obama plan.

Thus. some 3,000,000 people will be employed by the Federal Government, if not already. Also, there will be a wave or retirements as boomers move along.

Of course, net production to the country: $0 (save the line that they perform services or protect us. They still produce nothing and are not asked to.) They are paid from by those who are taxed.

Item: Number of state and local workers in 2005: 15,788,784

The number of teachers and welfare workers is greater than all others combined.

Item: Number of governmental employees (no production of revenue): today is, approximating and including Obama's numbers, 20,00,000.

It can be argued they pay taxes, but they receive their income from producers. That is, the producing taxpayers also pay their taxes.

Item: public service employees earn far more that private. Union member ship is 32% vs. 7%, and falling, in the private sector. From a Michigan based blog:

"But the fact is, as the Mackinac Center study points out, state government also tends to pay more for the same job than the private sector. The range of the costs for salary and benefits for a receptionist in state government in the Mackinac Center study was $42,200 to $59,700 per year. For the same position, the study said, the Lansing Chamber of Commerce would pay $30,200 to $34,400 in salary and benefits." [and expect real work.]

Item: 135,000,000 taxpayers (est.) - 20,000,000 (government workers) - 45,000,000 (no tax due) = 70 million who carry the tab. One should factor in credits to those who don't pay taxes.

Item: 2007 state income taxes, average, per taxpayer is 6.47% or $2,493.

Item: Real estate prices have dropped 12.6 percent since 2006, there fore the tax rate will be raised by local government to meet this "shortfall" as the mob might think of it. This will result in a further fall in price values. You know the governments will increase spending. When things stabilize, prices will rise and the government WILL NOT lower the rates (never happened, never will), so you can expect your taxes to increase dramatically as value returns. (PS: Syracuse actually increased 2%)

Item: Sales and excise tax collected per person is approximately $1,500.

Item: CIBC (Canada) projects a quick USD deflation, followed by an inflation of more than 4% in order to pay down debts. Thus, your money in the bank will devalue 4% per year (or much more) if you keep it there. Right now, it is losing 3%.

Inflation will be further stoked by growing oil supply crunch

TORONTO, Jan. 23 /CNW/ - CIBC (CM: TSX; NYSE) - To pay for its multi-trillion dollar bailout and stimulus packages, the Obama administration will print money at an unprecedented rate, a course that will drive up inflation and drive down the greenback while shifting a large part of the financial burden onto foreign investors, finds a new report from CIBC World Markets.

The report predicts that like Argentina in the late 1980s and Zimbabwe today, the U.S. government will simply create more money to fund its plans...."Already U.S. money supply is growing at a nearly 20 per cent rate in the last three months and the printing presses are just warming up. And there's no shortage of more troubled assets to monetize along with $1.5 trillion-plus federal deficits to keep money supply growth chugging along in the future....

Item: The IRS is now going after anyone with more than $10,000 in a foreign bank account who does not report it (and pay taxes.)

Before 2004, the maximum fine for civil violations was $100,000, small change for those with millions of dollars or more hidden overseas.

But provisions in the USA Patriot Act aimed at stopping the financing of terrorists raised the maximum civil fine to $100,000 or half of the amount in the account, whichever is greater.

Criminal penalties are as high as $500,000 or half the account balance, and up to 10 years in jail. (International Herald Tribune)

How long before it is illegal? The government will want you to be stuck with your money here, like all other third world countries.

Item: WJS, 1/9/09:

Yesterday, the congressional budget office released its projections for fiscal year 2009, expecting a deficit of $1.2 trillion, or 8.3% of GDP, a postwar record by either measure. However, those numbers don’t include any outlays from the expected stimulus package. The projections also only include provisions under current law, so could be expanded by more spending on Iraq and Afghanistan as well as provisions such as another patch for the Alternative Minimum Tax. Some economists estimate that the actual deficit could approach $2 trillion this year.

Item: 2 trillion dollars spread out over the 70 million who pays taxes is tax burden of $28,571 per taxpayer just for 2009.

You are the target, plain and simple.

Your only remedy is to stop buying and borrowing and put you money into something safe, which is to say not US dollars or the bank. Keep under the radar, as the enemy will be looking for you.

To keep a nice savings account in your bank is, well, foolish. This is why you see "We Buy Gold" commercials all over. If you want to just store your money, do it in a sound country, but do not put more than $10,000 in any one account. (The enemy is looking for you). When comparing interest rates, don't forget the coming inflation will take off, at least, 4%, if you stay here.

If you see a rapid deflation, ACT as though there will be an inflation - buy something with inherent value - fast. Get the bargain. Don't get caught with dollars sitting in the bank.

Recall our founding fathers, if you feel uncomfortable with acting as though you are an investment banker: Taxation without representation is tyranny.

If this does not terrify you, then never mind.